Accounting, payroll & HR, and payment systems firm Sage has launched – Sage One – a cloud payroll solution targeted at start-ups and small businesses in Kenya to help them file earnings and tax deductions online with ease.
By automatically calculating all statutory deductions – income tax, National Health Insurance Fund (NHIF), National Social Security Fund (NSSF) and other payroll related costs, Sage One leaves employers with the correct net salary for each employee.
According to Said Nikki Summers – Regional Director for Sage in East Africa, “For as little as Ksh100 per employee per month, Sage One Payroll streamlines the capturing of transactions, automates payroll calculations and brings visibility to the business. Start-Ups and SMEs now have the ability to file statutory returns, automatically update the payroll general ledger in Sage One Accounting and produce professional electronic pay slips which is a major time saver”
SMEs face challenges such as Non-Compliance, Improper accounting practices, Payroll fraud and theft of physical devices that hold sensitive data. Sage One aims to help them provide an audit trail, reconcile input and output based on a set of controls for better visibility into all business transactions.
The cloud-based software will help startups and SMEs keep track of annual changes to tax regulations that impact on payroll tax calculations while availing a flexible pricing model based on the number of employees. The Sage One Accounting and Payroll software is available on a free trial until 31st May 2017 and at a special introductory price of Ksh.17, 000 for 10 employees for an annual subscription.